XPO returned another solid quarter as it readies its network to take advantage of both the next market upturn and longer-term growth opportunities.
The less-than-truckload carrier reported third-quarter adjusted earnings per share of $1.02, 11 cents better than the consensus estimate and 14 cents higher year over year. Consolidated revenue increased 3.7% to $2.05 billion. It outpaced peers by logging 200 basis points of margin improvement in its LTL segment.
Shares of XPO (NYSE: XPO) were up...
https://www.freightwaves.com/news/xpos-shares-surge-on-strong-q3-favorable-outlook